Ramkrishna Forgings announced its Q2 & H1 FY26 financial results, showcasing a consolidated revenue of ₹907.53 million for the quarter and ₹1,922.79 million for the half-year. The company secured new orders worth ₹11.16 billion in Q2, driven by automotive, railway, and non-automotive sectors. Expansion plans and strategic initiatives in Europe and Mexico are expected to fuel future growth.
Financial Performance Highlights
Ramkrishna Forgings reported a standalone revenue of ₹800.79 million in Q2 FY26, reflecting an 18% year-over-year growth. For H1 FY26, standalone revenue reached ₹1,737.48 million, an increase of 6% year-over-year.
Consolidated results showed Q2 FY26 revenue at ₹907.53 million, a 14% year-over-year increase, and H1 FY26 revenue at ₹1,922.79 million, up by 4% year-over-year.
EBITDA margins remained consistent at 13.5% for both Q2 and H1 on a standalone basis, and at 13.5% and 14.1% for Q2 and H1 respectively on a consolidated basis.
Order Book and Sector Growth
The company secured new orders worth ₹11.16 billion during Q2 FY26. Approximately 69% of these orders originated from the automotive sector, 27% from railways, and the remaining 4% from the non-automotive sector.
Indian Railways has placed an order for the supply of fully assembled bogie frames, with bulk dispatches already underway. All orders secured during the quarter, excluding those from Railways, were from international geographies.
Strategic Initiatives and Future Outlook
Ramkrishna Forgings is expanding its manufacturing capabilities and diversifying its revenue streams. The company anticipates a volume growth of 18-20% in H2 FY26, supported by a robust order pipeline.
Key growth drivers include approvals and dispatches for bogie assemblies in the railway sector, increased exports to Europe, aluminum forging capabilities, new product offerings in domestic and LCV markets, and the commissioning of a castings plant with a capacity of 45,000 MT per annum in H2FY26.
Subsidiary Updates
Merger of Mal Metalliks and Multitech Auto into Ramkrishna Casting Solutions is expected to be completed in Q3 FY26, pending NCLT approval. This move aims to simplify the group structure and enhance operational efficiency.
Source: BSE
